Results with fu3e.
Increase
00%
annual audit volume
Time saving
00%
of time completing
Data collected automatically
00%
annual audit volume
McLaren engaged fu3e to provide clear oversight of their projects, standardised evaluations, real-time tracking, and integration with Xero.
Building a Legacy of Exceptional Homes
Customer: McLaren
Location: London
Organisation size: (2,000-3,000 employees)
Sector: Real Estate Developer
Capabilities: Management, Delivery, Partnership
Challenge.
Solution.
Projects
The business faced several challenges that hindered its operational efficiency. The growing number of projects lacked visibility into their original appraisals versus the latest updates due to the absence of a central access point.
Inconsistent information formats heightened the risk of errors, eroding trust in submitted data as time became increasingly valuable.
Additionally, manual invoice processing suffered from a lack of a defined approval workflow, creating disconnection among the development, finance, and accounts departments. This culminated in a time-consuming process for compiling information needed for board reports.
9
XX%
Increase monthly reporting by
Description
fu3e provided a comprehensive solution that addressed these challenges through process automation, real-time data access, and custom integration with financial software.
-
Implemented a standardised appraisal format for live access to original versus latest project updates, reducing errors and enhancing trust in data.
-
Established a clear approval process to streamline manual invoice processing between development, finance, and accounts departments.
-
Developed a custom-built API linking fu3e and Xero for automated invoice submission from the development team, allowing for efficient approvals from finance.
-
Enabled timely payments to drive cash flows and budgets within the month, improving overall financial operations.
Description
Xxxxxxx
Results.
XX%
Xxxxxxx
Description
Xxxxxxxx
The new system has transformed the invoice approval and tracking process, providing the development team with significantly improved accessibility to historical invoices and a structured overview of appraisals.
Key benefits include streamlined tracking of appraisals over time, enabling more insightful comparisons of cost trends and development values. This functionality supports accountability by helping identify and address cost increases, such as unexpected rises in Net Development Value (NDV) alongside construction cost changes.
Additional improvements include centralising documentation, reducing time spent on board reports, and securely logging signed-off budgets for future reference.
Overall, this enhanced structure provides a solid foundation for future efficiency gains.
Partnering with fu3e has enabled us to create custom reports that significantly enhance our workflow processes, improve efficiency, and provide exceptional control over development costs. This collaboration is an indispensable asset for our operations.
James McMillan
Group Financial Controller, McLaren
The AI-Powered Real Estate Software Platform.